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Mexico has committed to achieving a net zero economy by 2050, joining a coalition of countries, including the EU and Canada, that are pushing for significant emissions reductions by 2035. This initiative, announced at the UN’s COP29 climate summit, aims to inspire major polluters, particularly China, to enhance their climate ambitions. The pledge serves as a crucial benchmark for assessing the credibility of future emissions-cutting commitments globally.
Anima Holding SpA"s top shareholder, Dunas Capital Asset Management, has criticized Banco BPM SpA"s €1.6 billion all-cash offer of €6.20 per share, stating it undervalues the Italian asset manager. Dunas, which holds 0.6% of Anima, estimates the fair value at approximately €8.40 per share.
China has invested $1.3 billion in the Chancay port in Peru, aiming to enhance access to South America's agricultural resources. The port was inaugurated by Chinese President Xi Jinping and Peruvian President Dina Boluarte, reflecting China's strategy to strengthen trade ties with the region amid anticipated trade restrictions under the incoming U.S. administration.
El Salvador is initiating a third debt buyback this year, targeting dollar bonds maturing between 2027 and 2034, with a total outstanding principal of over $2.5 billion. President Nayib Bukele is optimistic, buoyed by a Bitcoin rally and favorable US election outcomes.
Municipal bonds experienced a sharp decline following Donald Trump's election as US president, driven by fears that his policies could exacerbate the budget deficit and trigger inflation. Benchmark municipal-bond yields surged by up to 11 basis points, while the primary market remained nearly inactive, with only a few deals under $300 million anticipated. Many governments had already accelerated borrowing before the election, leading to a significant increase in sales during October.
Apax Partners will cease new investments in health care, disbanding its dedicated team due to a lack of opportunities in the sector. The firm will reassign team members to other roles while continuing to manage existing health care portfolio companies and focus on technology, services, and internet consumer sectors. Co-CEOs cited regulatory pressures and market variability as key factors in their decision. [Source](https://www.bloomberg.com)
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Mexico commits to net zero by 2050 urging global climate action
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07:30 21.11.2024
hareholder criticizes banco bpm"s undervalued offer for anima holding
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13:40 18.11.2024
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el salvador initiates third debt buyback amid bitcoin rally and us election results
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apax partners halts health care investments disbands dedicated team
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09:00 11.10.2024
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